The government (so far) will not force you to live with people you don't get along with.Likewise, you don't have to subject yourself to the health risks.

I don't live in the US and I don't have another income in the US (such as employment or earned income), but I have a property that was rented starting in September 2023.

Many have gone like the wind, new ones pop up and will also disappear with the next breeze.Selling crap properties, in crap areas for more than they are worth and then passing on to 3rd party PM that nickel and dimes to death.It's a shame but it's been the same cycle since I started in 2012 and even longer that I remember.I feel sorry for such investors that commit so these providers but I feel even sorrier for those that try DIY BRRR from out of state.Asset classes are variable and "Potato" "Potato" lolFor example, I can almost but guarantee that my B class in Toledo for $90,000 for example is D class in Cinci.Lived in Middletown and owned a few rentals in Cinci so know the market decently.It also comes down to how someone was born and bread.I had investors come from Cali and laugh at me and my "B class" properties.They said it's Z class.Even tho my entire team lives in the area and so did I for 10+ years.No silver spoon in my mouth growing up and I wouldn't sacrifice my families safety in a so called "Z class" area.But we are all different, right?

I have been successfully renting out 3 rooms in my single family home while living in the unfinished basement for a little over two years now.

Congratulations @Megha Agarwal we have 2 STR’s in Lake Harmony as well and live about 2hr’s away.  

Finding someone that is trustworthy that will do all of that while you are living out of area, and providing money and the lot has value.

At some point, you may decide to pay off properties so you are 100% cash flow and living off the income.

I understand that I should have a separate bank account from my personal checking/savings, but based on my research, this first deal won't necessarily provide cashflow with me living in one of the units (it will when I move out).

My goal would be to live in the condo or coop for a year or two and then rent it out!

Lovely couple and her sister living in House . great tenants . sister says she might move back to Florida one day and refuses to sign the lease renwal along with the others.